ABSTRACT

Since the 1980s, banking activity has been restructured in most industrialized countries, generally through a process of deregulation and reregulation (Majone 1994; Morgan and Knights 1997). In France, the deregulation process began in earnest in the mid-1980s and continued through into the 1990s. The general idea was to change the state’s role, which in banking had been characterized since the end of the Second World War by deliberate and planned policies of intervention in the allocation of funds (Zysman 1983). This chapter aims to study the implementation of the deregulation process within the specific French context.